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AOC’s advocacy of a tax rate of 70-80 percent on very high incomes, is obviously crazy, right? Who thinks that makes sense? Only ignorant people like - Peter Diamond, Nobel laureate in economics, arguably the world’s leading expert on public finance
Reader Comments: Impeachment; Alexandria Ocasio-Cortez - Returning to a 70% Marginal Tax Rate; TSA Agents Call-In Sick and the Right to Strike (Not); New Attack on Civil Rights Icon Angela Davis, Jews, BDS and Anti-Semitism; and so much more.....
Josh Bivens and Hunter Blair
Economic Policy Institute
A FTT is an efficient and progressive revenue source. The rise of finance has been largely at the expense of other economic sectors, and that a well-designed FTT is also a very useful tool for shrinking the unproductive parts of this sector.
A progressive estate tax on multi-millionaires and billionaires is the fairest way to reduce wealth inequality, lower our $17 trillion national debt and raise the resources we need for investments in infrastructure, education and other neglected national priorities.
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